Eldorado Gold Completes Acquisition of Sino Gold Mining

Eldorado Gold Corporation completed its acquisition of Sino Gold Mining Limited on December 15, 2009, by way of schemes of arrangement under the laws of Australia. Under the transaction, Eldorado issued 135,830,539 common shares to former Sino Gold securityholders. Immediately following completion of the transaction, Eldorado's market capitalization was approximately $7.7 billion (based on a $14.42 closing price of the Eldorado shares on the TSX on December 14, 2009) and it became a leading foreign gold producer in China.

Eldorado is a Canadian gold production, exploration and development company headquartered in Vancouver, with an operating mine in each of Turkey and China and exploration or development projects in Brazil, China, Greece and Turkey and the surrounding regions. Sino Gold was an Australian gold production, exploration and development company headquartered in Sydney with two operating mines and exploration and development projects, all in China.

Eldorado's Canadian counsel was Fasken Martineau DuMoulin LLP represented by Josh Lewis, Lata Casciano and Amanda MacAdams, among others. Its Australian counsel was Freehills, with a team led by Tony Damian that included Andrew Rich and Clayton James, among others. In addition, Eldorado was supported by legal advice in the UK from Nigel Gordon of Fasken Martineau and in the United States from Edwin Maynard and Peter Wright of Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Eldorado also was advised in China by Morrison & Foerster, LLP and Jingtian & Gongcheng; in Hong Kong by Linklaters; in Singapore by Allen & Overy; in New Zealand by Quigg Partners; in the European Union by CMS Hasche Sigle; and Switzerland by CMS von Erlach Henrici AG.

Sino Gold was advised by its in-house counsel Kevin Hobgood-Brown and its Canadian counsel was Cassels Brock & Blackwell LLP, represented by Mark Bennett and Andrea FitzGerald, among others. Its Australian counsel was Allens Arthur Robinson with a team led by Guy Alexander and that included Marcus Clark and Sandy Cameron among others.

The financial advisors on the transaction were Macquarie Capital Markets, on behalf of Eldorado, and Goldman Sachs JBWere Pty Ltd., on behalf of Sino Gold.